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European Commission Financial Markets European Securities and Markets Authority (ESMA)

A&O Shearman

ESMA final report on systematic internaliser ITS, volume cap and transparency calculations and trading venue RTS

A&O Shearman on

The European Securities and Markets Authority (ESMA) has published a final report in relation to certain changes being made as a result of the MiFID II/MiFIR review, together with an accompanying press release. The changes...more

Hogan Lovells

EU wholesale markets – EU Council adopts proposed EU Benchmarks Regulation amendments

Hogan Lovells on

The EU has adopted a regulation amending the EU Benchmarks Regulation. The amendments relate primarily to: reducing the population of benchmarks within scope of the Benchmarks Regulation; introducing a new spot FX-related...more

A&O Shearman

ESMA MiFIR review consultation package on derivatives transparency, package orders and CTP data

A&O Shearman on

The European Securities and Markets Authority (ESMA) has launched its consultation in relation to derivatives transparency, package orders, and input and output data for consolidated tape providers (CTPs). This is the fourth...more

A&O Shearman

ESMA notifies EC of delay of certain deliverables

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The European Securities and Markets Authority (ESMA) has published a letter (dated 3 March) addressed to the European Commission on the prioritisation of ESMA's 2025 deliverables. ESMA's letter sets out specific items which...more

K&L Gates LLP

Brussels Regulatory Brief: October 2024

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On 18 September 2024, the General Court of the European Union (General Court) largely upheld the fine imposed by the European Commission (Commission) finding that a global tech company had engaged in predatory pricing of its...more

A&O Shearman

European Commission report on the future of European competitiveness

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The European Commission has published a report on the future of European competitiveness, prepared by Mario Draghi, former President of the European Central Bank. The report aims to set out a new industrial strategy for...more

Proskauer - Regulatory & Compliance

Regulation Round Up - November 2023

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. ...more

Jones Day

Adoption of Final Version of European Green Bond Standard: A New Landmark Tool for Sustainable Finance

Jones Day on

The Situation: On October 5, 2023, the European Parliament and the Council of the European Union adopted the European Green Bond Regulation ("EuGB Regulation"), establishing a voluntary harmonized standard open to both EU and...more

Walkers

Irish Quarterly Legal and Regulatory Report - Asset Management and Investment Funds April – June 2023

Walkers on

In this quarter's edition of the legal and regulatory report, we include a number of key outputs from ESMA, including its updates to Q&As on the application of the AIFMD and the UCITS Directive (outlined at sections 1.2 and...more

Paul Hastings LLP

EU ESG Framework – latest developments and further clarifications on greenwashing and sustainable investments

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Over the last few months, the European Commission and the European Supervisory Authorities (“ESAs”) have published a number of press releases and reports that aim to clarify and provide further updates on concepts used within...more

A&O Shearman

EU Opinion on Trading Venue Perimeter

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On February 2, 2023, the European Securities and Markets Authority published a final report and an Opinion on the trading venue perimeter. The Opinion clarifies the definition of multilateral systems under the EU’s revised...more

Cadwalader, Wickersham & Taft LLP

ESMA: Rules for Third Country Benchmarks Are Not Fit for Purpose and Should Be Reviewed

On August 19, the European Securities and Markets Authority (“ESMA”) announced the publication of its response to a consultation on the European Commission’s (the “Commission”) proposals to amend the regime for the provision...more

Proskauer Rose LLP

Regulation Round Up - March 2022

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in March 2022: 31 March - The European Securities and...more

Proskauer Rose LLP

Regulation Round Up - February 2022

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. 28 February - The Financial Conduct Authority (“FCA”) published Handbook Notice...more

A&O Shearman

European Commissioner Announces Proposed Extension of Equivalence for UK CCPs

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European Commissioner McGuinness has announced that in early 2022 the European Commission will be proposing an extension of the time-limited equivalence granted to U.K. CCPs...more

Proskauer Rose LLP

Regulation Round Up - October 2021

Proskauer Rose LLP on

The Financial Stability Board published its final report on the lessons learnt from the COVID-19 pandemic from a financial stability perspective. The Financial Conduct Authority (“FCA”) published a report on climate change...more

Hogan Lovells

Funds and asset management regulatory news, October 2020 # 4

Hogan Lovells on

AIFMD review: European Commission consultation - The European Commission has launched a consultation questionnaire relating to its review of the Alternative Investment Fund Managers Directive (AIFMD)....more

A&O Shearman

EU Publishes Draft Delegated Regulation on Changes to CCP Colleges under EMIR 2.2

A&O Shearman on

The European Commission has published a draft Delegated Regulation designed to amend existing Delegated Regulation (EU) No 876/2013, which supplements the European Market Infrastructure Regulation with regards to changes to...more

A&O Shearman

European Banking Authority Seeks to Promote RegTech Use

A&O Shearman on

The European Banking Authority has opened a consultation on RegTech and supporting the use of RegTech across the EU. Responses may be submitted until September 30, 2020. The EBA intends to report on the use of RegTech in the...more

A&O Shearman

Outcome of European Supervisory Authorities’ Review of PRIIPs Technical Standards Published

A&O Shearman on

The Joint Committee of the European Supervisory Authorities has published a letter addressed to the European Commission informing it of the outcome of the ESAs’ review of the Regulatory Technical Standards (Commission...more

Proskauer Rose LLP

Regulation Round Up - July 2020

Proskauer Rose LLP on

30 July - The Financial Conduct Authority (“FCA”) updated its webpage on the High Court business interruption insurance test case. The Prudential Regulation Authority (“PRA”) published a consultation paper (CP11/20)...more

White & Case LLP

EU Sustainable Finance Consultation – ensuring the grass is greener on the other side

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To meet the ambitious targets set by the UN 2030 Sustainable Development Goals (SDGs), the finance markets must be utilised to a much greater degree to enable sustainable projects and allow access to wider sources of capital....more

A&O Shearman

EU Credit Rating Equivalence Decisions Repealed for Some; Reaffirmed for Others

A&O Shearman on

A series of Implementing Decisions on the equivalence with the EU Credit Rating Agencies Regulation of the credit rating regimes of certain non-EU countries have been published in the Official Journal of the European Union....more

A&O Shearman

UK Conduct Regulator Consults on STS Notifications under Onshored Securitization Regulation

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The U.K. Financial Conduct Authority has launched a consultation on draft technical standards on the content and format of STS notifications under the U.K.'s onshored Securitization Regulation. The consultation closes on...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - SEC Adopts T+2 Settlement Cycle for Securities Transactions - On March 22, 2017, the Securities and Exchange Commission (SEC) adopted an amendment to Rule 15c6-1(a), shortening the...more

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